Services
Payment processors make the world go round.
A payment processing company or a payment processing provider manages, handles, and processes credit and debit card payments, bank transfers, open banking transactions, alternate payment methods, and payments from e-wallets and crypto wallets. Whether online or in stores, payment processors provide software (and in some cases, hardware) that enables customers to pay for goods and services.
The payment gateway is a tool that securely reads customer payment data and communicates it to the merchant’s financial institution. It verifies that the customer has enough funds in their account to make a purchase and transfers those funds to the merchant’s bank account.